Release date: 19 December 2005
Promoter – Financial Intermediary
SEVELNORD S.A.Location
Description
The project consists of the development and production of a new range of light utility vehicules.
Objectives
The project will enable the modernisation of the production site of SEVELNORD, one of the main employers in this French region (an EU Objective 1 area).
Comments
Car manufacturing.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 200 million.
Total cost (Approximate amount)
Around EUR 400 million.
Environmental aspects
The project comes under Annex II to EU Directive 97/11/EC. The Bank will verify that the EIA procedures followed comply with EU and national legislation.
Procurement
EU procurement rules do not apply to this private sector project.
Status
Signed - 17/10/2006
Disclaimer
Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).